SMRT   

SMRT

Yah, I am a little sceptical that the surge today was quite unjustified. Hence I unloaded hald my holding and see how the next few sessions. Cheers.

 

Could this be the cause of the sudden surge? It's not justify though.

 

SMRT welcomes announcement on transport changes

SINGAPORE : SMRT said it supports the announcements made by Transport Minister Raymond Lim on Wednesday about encouraging more people to use public transport.

Among the changes are shorter bus journeys and waiting time. More trains will also be running during peak hours.

Vice President of SMRT Taxis Lo Chee Wen said taxi hirers will benefit from the lowering of vehicle ownership taxes.

Lo added that cost savings will be passed on in full to taxi hirers.

SMRT said one way of doing this, which the company is considering, is to contribute to the hirer's Medisave account. - CNA /ls

 

Just unload all of my holding as I believe now is not the time for it to 'chiong' without valid reasons. Remember that we may be facing a tough year or two ahead.

Will collect back at a more appropriate level....hoping for ~$1.00 #@%&4#@ someone said that?

But that's my initial buy-in price for the first few lots

 

yes..24 hours is good......and especially if you make good angpow $$$....Gong Xi Fa Chai

 

Wow... was onsite working the whole day and just come back and realised the juju train did not look back all the way to 1.72. mike8057d, if you think 5 years is long, how about 24 hours? I have unloded half of my holding of this train and made some angpow $$, not that bad right? I still have the other half for my pillow. Cheers!

 

It is going against Citigroup's prediction.

idesa168 & KiLrOy, 5 years to me is long.......nowadays, you will not know what is going to happen to you tomorrow.  Just my own view.

zhenxian, I have given up car for 8 years liao, and switch to public transport.....it's not that bad as you would imagine.  In fact, it is great, you don't have to worry about driving, and you can look at beautiful ladies or handsome men (if you are the female).  Don't have to worry about car maintenance, car inspection, paying road tax, car park coupon, ERP (must rememeber to top up your cash card), paying high car park charges.  If you want convenient (most ppl will say that to justify for having the car), then, pay a bit more, call for cab for door-to-door.  Just look at Hongkongers....they are used to taking public transport.  Just my 1 cent worth of opinion.

 

Why the train suddenly so strong huh! Any ideas? Thinking of unloading some into strength.

 

mike8057d, 5 years is not long, if you do not have immediate use of the $$ and it's sitting in the bank. Like Kilroy mentioned, with divvy to be collected 5 times in the said period, it's much higher than banks giving out interest. If the share appreciates during this period it's a bonus. Think about it.

 

haha.

i still will want a car even though SMRT has improved

Who is not going to buy car in the future or going to give up car for MRT?

 

All SMRT shareholders have a duty to encourage every Singaporeans to practise "SMRT" in their daily lives.

"SMRT" in essence stands for "Singaporeans Must Ride Trains". So, you must encourage mah...ask them to give up their cars.

 

5 years is not that long if you are a value investor.  With all the dividend collected + if idesa168 dca each month or quarterly, come 2012, he will be a happy man indeed!

mike8057d, good reminder. yes the eXchange is definately a good income.  Similiar to what Singpost has been doing - retail.

 

2012....wow, that's 5 years from now.

 

World is full of uncertainty!!

 

SMRT @1.62 good buy lah. I had bought some for my pillow. Comes 2012, my lots will be worth $2.00!

 

More XChange set up...more rental for SMRT

 

if u have faith in the gahment (whether in Raymond or you vote for PAP), citigroup's comment should not worry you.  If Citigroup can forecast so well, why didn't they anticipate the subprime debacle of their business group (citibank)?  Or should I say Citigroup now wants to 'play it safe' in investing in a high dividend yielding stock?

 

Any dividends yield of < 5% to me isn't attractive at all. Will wait for price to fall further to TP.

 

Phillips called for "HOLD" 

Maintain HOLD recommendation, target price at S$1.70.

financial results within our expectations. Moreover, it continues to register increases

in revenues and profits. This is a defensive stock for investors who would like to hold

for payment of dividends. Based on our discounted cash flow model, the fair value is

 SMRT has posted $1.70

 

Going against Citigroup's analysis and TP.......holding out.

 

well..now that our BIG transport plan is out...so anyone dumping this SMRT ?!??! hee...

or still waiting for dividend play??/ hee...